What Currencies Can I Spread Bet In?

You do not have to trade this market in euros. With the above companies you can spread bet on any of the markets they offer, including French shares, in either Sterling, the euro or US dollars, e.g. £2 per point, $3 per point, €5 per point etc.

CAC 40 Spread Betting Example

If you are thinking about spread betting on an index such as the CAC 40 then, looking at a trading platform like FinancialSpreads, at the time of writing you would get a quote of 4391.4 – 4392.4.

Therefore, you could speculate on the CAC 40 to move above 4392.4 or move below 4391.4.

With spread betting, investors speculate on every unit the market moves up or down. With the CAC 40 market a unit is 1 point of the stock index’s price movement.

So let’s say you want to bet £4 for every point the CAC 40 increases or decreases.

Buying – Spread Betting on the Market to Increase

If you were to go long of the CAC 40 at 4392.4 and the stock index went up then the quote could become 4418.8 – 4419.8. If this were the case, you could close your position for a profit at 4418.8.

Note that this is a rolling daily trade. This sort of market does not have a predetermined closing date and rolls over to the next session automatically. When a market rolls over you might receive a small credit or incur a small financing charge. For more details, see rolling daily spread betting.

How to Spread Bet on French Shares

BNP Paribas Financial Spread Trading Example

Should you want to spread bet on French shares such as BNP Paribas then, on visiting a firm like InterTrader, you’d find a quote of €51.56 – €51.68.

This means you could bet on BNP Paribas to move higher than €51.68 or to move lower than €51.56.

When spread betting, you speculate on every unit the market goes up or down; with the BNP Paribas market a unit is €0.01 of the equity’s price movement.

For example, let’s say you want to bet £3 for every cent BNP Paribas goes up or down.

Buying – Speculating on the Market to Rise

If you bought BNP Paribas at €51.68 and the equity rose then the spread might change to €52.13 – €52.25. If that happened, you could close your trade by selling at €52.13.

Note that this is a Rolling Daily spread bet. Such markets don’t have a predetermined closing date and will rollover to the next trading day. If it does rollover, then you may incur a small cost or receive a small credit. To learn more, see guide to rolling daily fees.

CAC 40 Practice Accounts

The platforms listed below have free demo accounts. I.e. accounts that you can use to place some trades on the CAC 40 without putting your money at risk.

Spread betting carries a high level of risk. You can lose more than your initial investment or stake. Spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.

Spread betting carries a high level of risk. You can lose more than your initial investment or stake. Spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.

SpreadBets.org.uk does not endorse the information and analysis available on this site. It is a personal view of the writer and purely for information purposes. Under no circumstances is the information hereon to be used or considered as, an offer to sell, or a solicitation of any offer to buy. The website content does not constitute investment advice and neither the individual writer(s) nor SpreadBets.org.uk accepts any responsibility for any use of the content.

* Spread betting is tax free in the UK. This tax free status is subject to change and can differ if you pay tax outside the UK.